Choom Holdings Inc. (CHOOF)

[jp68]

Nothing will happen with the PPS until this kicks off:

Subsequent to the quarter, and as announced by the Company on March 25, 2021, the Company entered into an engagement letter with Canaccord Genuity Corp. in connection with a proposed public offering (the "Offering") of units of the Company for a minimum aggregate gross proceeds of $3.5 million and up to maximum aggregate gross proceeds of $5.0 million. Concurrently, the Company entered into a series of agreements with existing debenture holders to restructure its debt (collectively, the "Restructuring"). The Restructuring is conditional upon, among other things, the receipt of all requisite regulatory approvals and the completion of the Offering. If completed, the Offering and the Restructuring will significantly improve Choom's balance sheet and are expected to be critical milestones to accelerate growth.